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20121202
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. and for those who are unfamiliar with the term "stem" it stands for science, technology, engineering, and math. the hard sciences that we have too few in terms of graduates from our colleges and universities. this bill passed in the house of representatives with 245 votes, and was originally sponsored by my friend and colleague, lamar smith of texas, and is very similar to a piece of legislation i myself have introduced earlier this year. the goal of this legislation is one that i think is -- enjoys broad bipartisan support, and that is to help the united states retain more of the highly skilled immigrants who come to study at our colleges and universities. in particular, this bill would make eligible for a green card those who graduate in the stem fields who get a master's degree or a ph.d. and so we would not add to the net number of green cards that would be eligible, there is 55,000 diversity lottery visa green cards that would be substituted for by these stem green cards. now, we all know that america's immigration system is broken, and, unfortunately, it's a self-inflicted wound in many
equipment, in r&d, in science education and infrastructure and so forth. the question many people, sir, don't want to consider is where do we get those resources with those enormous debts? i asked our research department if they would make a reasonable prediction of how important interest costs would be if we did nothing, and their estimate without any explosion in interest rates was as follows: within 25 years or so, our interest costs would jump from about 1% of the gdp to 12% of the gdp or roughly four times the total investment made in r&d, science education and infrastructure. and if we ever permit that to happen, we will have assured that we're going to have what i call a slow growth crisis. and that's at least my way of formulating what happens if we don't do anything. but, mike, please, take over. this is your meeting, not mine. >> well, one of the things i don't claim to be here is an economics expert, although it's from a national security standpoint, and i've felt this way for years, that it's not just about the health of our economy, it's around the world, it's the health of eco
it was intended to do. >> host: in "the debt bomb," you have duplication in federal programs, science, technology, engineering and mathematics programs, there are 209 of those. service transportation, 100 plus. teacher quality, 82 programs. economic development, 88. transportation assistance, 80. financial literacy, 56 different programs. job training, 47 different job--training programs. homelessness prevention and assistance, 20 programs. food for the hungry, 18, and disaster response preparedness/fema, 7 different programs. >> guest: well, it's not, it's not just outlandish that we have that many programs, what is also outlandish is we don't know if they're working. because when they're passed, there's nothing that says you have to have a metric to see if it's accomplishing the goal, and the biggest defect of the congress since i've been here has been the total lack of oversight of most of the programs. >> host: you recount in "the debt bomb" a story about taking an amendment to the senate floor to get rid of some of these duplication, duplicative programs. what happened? >> guest: uh -- >> ho
. jekyll technology parts. >> science, technology, engineering and math are fundamental to the growth of the economy and the united states obviously has work to do, my oldest daughter is doing her doctorate in math. there's a substantial contribution to national security in any case. with respect to the dr. jekyll and mr. hyde bit, economic growth is fundamental and innovation is the key engine for that and freedom is the foundation for that. i think we will see this play out in interesting ways globally including within china, and as we work to have a very open system economically and take advantage of technology, we also need to look at what needs to be done to deal with the threats of not just cyber but biotech and so on and look at doing that in partnership, and the partners we look at, and a substantial conversation about the rules of the road in cyberspace, we do that with many others, a fundamental issue. >> got a little bit from global security, the issue of the islands is primarily an issue of energy, and we are seeing it all over the world today, we don't have good mechanism
times the total investment made of r&d, science and education. if we permit that to happen we are assured a slow-growth crisis that is what will happen if we don't do anything. mike, please takeover. >> i don't claim to be an economics expert. but from the national security standpoint i have felt for years not just the health of our economy around the world but those that generate positive outcome and from the defense standpoint as pointed out if said that continues to grow it will continue to eat at us and when you put in good time bomb of the sequestration it was supposed to be so heinous that congress would never permit it to happen but yet we're on the verge andover what we have been fighting over the last decade at a time when there is clearly increasing pressure on the defense budget and i have said it should pay its fair share. with the media impact to get to a part of your question and i worry about the acceleration to create a hollow force very rapidly. and the president does what he says he will he takes it off the books of any cuts with the totality focused on a ver
Search Results 0 to 4 of about 5